IBF Net currently has multiple fully-developed and live platforms and use cases that contribute to its mission of building a miniature Islamic economy inside a 3D immersive environment. It uses the IBFN token as its intra-network and in-verse currency that performs several useful functions of money. 

Members can use IBFN for (i) buying/selling NFTs, (ii) buying/selling/leasing land and buildings inside metaverse, and (iii) buying/selling listed halal goods and services.

IBFN serves as the engine of the IBF Net’s halal ecosystem. Currently, it serves several platforms catering to the three sectors of an Islamic economy – philanthropy, not-for-profit and for-profit. Various live platforms include (i) the Benevolence (philanthropy) (ii) Credence (fee-based custodial services), (iii) Affluence (NFT marketplace); also includes interest-free collateral-based lending, (iv) Excellence for halal goods and services including elearning, and (v) IRSHAD which stands for Intelligent Robo Shariah Advisor, an AI-powered chatbot. All the above have been integrated with IBF Net’s metaverse. Further, new platforms and additional use cases, especially in the field of Islamic financial services will be added as and when necessary regulatory approval and compliance for the same is obtained.

You need to register on Polykick.com (web3 launchpad), apply for whitelisting, and then purchase the tokens once the token sale begins.

IBF Net: Islamic Business and Finance Network is the oldest online community of students, researchers and professionals interested in the Islamic business and finance (IBF) sector set up in the year 1999. The project was corporatised in the year 2020 with the establishment of IBF DigiLabs in Singapore, enhancing its mandate beyond human resource development.

IBF Digilabs currently focuses on undertaking cutting edge research and development to design smart solutions for the halal economy using web3 technologies. It has introduced several platforms that can facilitate on-chain and in-verse transactions by a growing community of over 85,000+ members.